The typical owner-occupied home in Marshall is worth about $436,000, 14% above the Virginia median of $383,700 and 31% above the national median of $332,700. Owners pay a median $3,113 a year in property taxes, about 0.71% of their home's value, close to the Virginia rate of 0.73%. The median household earns $93,594 a year, so the median home costs 4.7 times the median income (4.1 times for Virginia). 41% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Marshall at a glance
| Marshall | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $436,000 | $383,700 | $332,700 |
| Median property tax paid per year | $3,113 | $2,790 | $3,119 |
| Property tax as a share of value | 0.71% | 0.73% | 0.94% |
| Median household income | $93,594 | $93,170 | $80,734 |
| Homes lived in by their owners | 41% | 67% | 65% |
| Owner homes with a mortgage | 61% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $3,110 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 20.0% | 20.1% | 21.0% |
| Median rent | $1,814 | $1,579 | $1,413 |
| Rent as a share of renters' income | 23.7% | 29.4% | 30.6% |
| Median year homes were built | 1979 | 1984 | 1980 |
| Vacant homes | 3.4% | 8.7% | 10.1% |
| Population | 3,219 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Marshall
At this week's average 30-year rate of 7.11%, buying the median Marshall home of $436,000 with 20% down costs about $2,786 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,512, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $119,401 for the 20%-down payment. That payment is 36% of the median Marshall household income of $93,594; at that income and 20% down, the 28% guideline points to a home of about $342,000.
The median rent here is $1,814 a month, so owning the median home costs about $972 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $87,200 |
|---|---|
| Loan amount | $348,800 |
| Principal and interest | $2,346 |
| Property taxes (0.71% a year) | $258 |
| Homeowners insurance (our estimate, 0.5% a year) | $182 |
| PMI | $0 |
| Total per month | $2,786 |
Change the numbers in the calculator
| Down payment | $15,260 |
|---|---|
| Loan amount | $428,103 |
| Principal and interest | $2,880 |
| Property taxes (0.71% a year) | $258 |
| Homeowners insurance (our estimate, 0.5% a year) | $182 |
| FHA mortgage insurance | $193 |
| Total per month | $3,512 |
Change the numbers in the calculator
Questions about home buying in Marshall
What is the median home value in Marshall?
About $436,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Marshall?
Homeowners pay a median $3,113 a year, which is about 0.71% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Marshall?
For the median home with 20% down at 7.11%, the payment is about $2,786 a month. Keeping that under 28% of gross income takes about $119,401 a year.
More about Marshall
- Mortgage Refinance in Marshall
- Debt Relief in Marshall
- Home Equity Loans in Marshall
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data